Commercial Law: The PPSR is seven years old. Are you still protected?
The PPSR is seven years old: Are you still protected? The Personal Property Security Register (“PPSR”) commenced on 30 January 2012. It was created pursuant to the provisions of the Personal Property Security Act (“PPSA”). The default registration period and the period for migrated registrations is seven years. Therefore...Read More
Banking & Financial Services Royal Commission
It’s completed, but will we see real change? After its establishment on 14 December 2017, the Royal Commission into the Banking, Superannuation and Financial Services Industry has reached its conclusion. The Honourable Justice Hayne submitted his Final Report on 1 February 2019 and on 4 February the Report was...Read More
Commercial Law: Do you have a loan from your company?
Do you have a loan from your company? Change may be coming. Division 7A of the Tax Assessment Act 1936 aims to prevent companies from avoiding tax by distributing tax-free profits to shareholders and associates through payments, loans and forgiven debts. A division 7A loan can include an advance of...Read More